StoSto
Short

Gold ... $1200 price target

COMEX:GC1!   GOLD FUTURES
141 3 3
Gold             fails to break multi year down trend and is nearing a triple bottom at the $1200 price level. I am expecting we will reach this level in October especially as QE             winds down. Recently there has not been much press in regards to the end of QE             . As October nears I expect there will be increased media coverage on the end of QE             as well as discussion about higher interest rates. I anticipate that this will hurt gold             in the short-term and the price will near its June 2013 and December 2013 low of $1200.

I have a price target of $1200 and will look to enter long positions at this point.
Nice call
+1 Reply
StoSto QuantitativeExhaustion
2 years ago
Thank you! It'll be interesting to see what happens in coming months
+1 Reply
Probably quick bounce to 1280
+1 Reply
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